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Varonis Systems, Inc. (Nasdaq: VRNS) is a leading provider of data security and access governance solutions. Founded in 2004 and headquartered in New York, Varonis specializes in protecting the fastest-growing and most sensitive class of digital information: human-generated data. The company's innovative Data Security Platform combines advanced analytics with automated security measures to offer comprehensive data protection across various environments, including on-premises, SaaS, IaaS, and hybrid clouds.
Varonis empowers organizations to maintain total visibility and control over their data, ensuring that only authorized users can access critical information while monitoring and flagging any misuse. The company's patented technology and highly accurate analytics engine enable seamless digital collaboration, making it effortless and secure for users to create, share, and manage content.
As part of its ongoing cloud transition, Varonis has been focusing on migrating its on-premises customers to its cloud-native solutions delivered as Software-as-a-Service (SaaS). This strategic shift aims to provide more scalable and flexible data security options for organizations worldwide.
Varonis' portfolio includes solutions for data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management. The company's commitment to innovation is evident in its recent advancements in AI-powered automation, particularly with the introduction of Varonis for Microsoft 365 Copilot, which enhances AI security and compliance.
The company has garnered numerous accolades for its continuous innovation and effective security solutions. Notably, Varonis was honored for the sixth consecutive year by CRN’s Security 100 list, which recognizes top-tier companies providing groundbreaking security offerings. Additionally, the Varonis Data Security Platform received the Best DSPM award from Cyber Defense Magazine's Global InfoSec Awards.
Varonis engages with its clients through various channels, including its extensive network of channel partners and in-person events like Varonis Connect! These events provide valuable insights, educational sessions, and networking opportunities for security and risk executives.
Organizations worldwide trust Varonis to safeguard their data, automate security outcomes, and ensure compliance with evolving privacy regulations. By focusing on protecting data first, Varonis helps customers prevent data breaches and secure their most valuable assets. For more information, visit www.varonis.com.
Varonis Systems (Nasdaq: VRNS) will participate in the virtual Gartner Security & Risk Management Summit 2020 from September 14-17. Attendees can engage in live chats, schedule individual meetings, and view product demos in the Engagement Zone.
Varonis highlights include its Data Security Platform, which excels in risk detection and compliance monitoring. The platform has received top ratings on Gartner Peer Insights. Attendees can also win gift cards through participation in live chats.
Varonis Systems, a leader in data security, announced its participation in two upcoming virtual conferences. The D.A. Davidson 19th Annual Software and Internet Conference is on September 9, 2020, at 2:15 p.m. ET, followed by the Jefferies Software Conference on September 14-15, with Varonis presenting on September 14 at 11:30 a.m. ET. Live webcasts of the presentations will be available on the Varonis Investor Relations website, with archives accessible for a limited time post-conferences.
Varonis Systems (Nasdaq: VRNS) has been recognized as a 2020 Gartner Peer Insights Customers' Choice for File Analysis Software, receiving 145 verified five-star reviews, the most in the category. According to the report, 87% of Varonis customers would recommend its Data Security Platform, with a service and support score of 4.6 out of 5. The platform achieved the highest all-time ranking for five-star reviews on Gartner Peer Insights as of June 2020. Varonis emphasizes its role in data risk assessment and threat detection, aiding organizations in safeguarding sensitive data.
Varonis Systems (Nasdaq: VRNS) will participate in Black Hat USA 2020 on August 5-6. The company highlights its data security platform, emphasizing its ability to accelerate security investigations by 88%. Virtual attendees can visit Varonis' booth for insights and chances to win gift cards. Presentations will feature topics like phishing attacks on Office 365 and Wi-Fi security vulnerabilities. Varonis focuses on protecting sensitive data across various sectors, contributing to its reputation as a leader in data security and analytics.
Varonis Systems (Nasdaq: VRNS) reported a strong second quarter for 2020, achieving an annual recurring revenue (ARR) of $235.7 million, up 52% year-over-year. Subscription revenues surged 130% to $34.1 million, constituting nearly 99% of total license revenues. Total revenues reached $66.6 million, reflecting a 12% increase from the previous year. Despite a GAAP operating loss of $22.1 million, the company remains in a strong financial position with $326.1 million in cash. The outlook for Q3 expects revenues between $68.0 million and $71.0 million.
Varonis Systems, a leader in data security and analytics, will report its Q2 2020 financial results after U.S. markets close on August 3, 2020. A conference call to discuss the results will take place at 4:30 p.m. ET. Investors can access the call by dialing 877-425-9470 (domestic) or 201-389-0878 (international) with conference ID 13704644. A live webcast will also be available on the company's Investors Relations page, with a replay available until August 10, 2020.
Varonis Systems (Nasdaq: VRNS) will participate in the William Blair 2020 Virtual Growth Stock Conference on June 11, 2020, at 1:00 p.m. ET. The company is known for its focus on data security and analytics, providing solutions to protect sensitive enterprise data.
The presentation will be available as a live webcast from the Investor Relations section of the Varonis website, which will also archive the audio for a limited time.
Varonis Systems, a leader in data security, announced the release of its updated Data Security Platform aimed at enhancing remote work security amid rising cyber threats. Key features include a dashboard for monitoring unusual network activity, proactive threat hunting queries, comprehensive visibility for Microsoft Teams, and detailed reporting for exposed cloud data. These enhancements are crucial as organizations navigate increased remote access demands. Customers can learn more at a virtual conference on June 3, 2020.
Varonis Systems, a leader in data security and analytics, will participate in the Needham Virtual Technology & Media Conference on May 19, 2020, at 10:00 a.m. ET. The audio presentation can be accessed live on the Investor Relations section of Varonis' website, and it will be archived for a limited time afterward. Varonis focuses on protecting sensitive enterprise data and has a diverse customer base across various industries. This event highlights Varonis' commitment to data security as a priority in today's digital landscape.
Varonis Systems (Nasdaq: VRNS), a leader in data security and analytics, will present at the 48th Annual J.P. Morgan Global TMC Conference on May 13, 2020, at 9:10 a.m. ET. The presentation will be available via a live webcast on their Investor Relations website, with an archived version accessible afterward. Varonis is dedicated to protecting sensitive enterprise data and offers solutions for insider threat detection, compliance, and threat analytics. The company serves various sectors, including finance, healthcare, and technology.
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